INDI 3.2.2 Eligibility for approval of individuals — general

An individual is eligible to be approved by the Regulatory Authority to perform a controlled function for an authorised firm only if the firm has assessed him or her:

(a) as having the competencies required to perform the function;
(b) as being a fit and proper person to perform the function; and
(c) as satisfying any other requirements under these or any other Rules for the function.

Note In certain circumstances an individual may be approved to perform 2 or more controlled functions for an authorised firm, or to perform a controlled function for 2 or more members of a group. See CTRL, Chapter 5.

Derived from QFCRA RM/2014-5 (as from 1st January 2015)
Amended by QFCRA RM/2021-1 (as from 1st July 2021)